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    Property profile & analytics

    2300 State St Salem, OH 44460-2525

    • Parking lots & garages
    • 7,766 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Feb 22, 2021
    $372,000
    Location Intelligence
    Property ID
    US66-1612426
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Salem Tire Pros & Auto Service / Auto Tune Up Service / Brake Shop
    • Good Year / Tire Shop
    • Salem Plaza / Business Center

    Property Details for 2300 State St

    Year built
    1956
    Lot size
    0.79 lot acres
    Property size
    7,766 SF
    Property type
    Parking lots & garages
    APN
    51-00041-000
    APU
    5100041000

    Description

    Salem Plaza, located at 2300 E State Street in Salem, Ohio (zip code 44460), presents a unique opportunity for retail businesses seeking a prominent location in Mahoning County. This 10,000 square foot strip center offers a single, contiguous space for lease, perfect for a large-scale retailer or a business requiring significant square footage. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their exact specifications. The minimum leasable area is 9,000 square feet, ensuring ample room for operations and inventory. The property's prime location on East State Street offers high visibility and accessibility, making it an ideal spot to attract customers. With its substantial size and strategic location, Salem Plaza represents a compelling investment opportunity for businesses seeking to establish a strong presence in the Salem market. The property's latitude and longitude coordinates are 40.9013085 and -80.8285186 respectively. This is a rare chance to secure a significant retail space in a desirable Ohio location. The property is classified as a retail strip center with multiple tenancy potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $380,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $400,000
      Mixed-Use
      $365,000
      Hospitality
      $320,000
      Educational
      $385,000
      Residential Income
      $330,000
      Energy
      $355,000
      Income-Based Land
      $380,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.8286
    Latitude
    40.9014
    CBSA code
    41400
    CBSA name
    SALEM, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,736
    $66,430
    $53,060
    $119,490
    -
    $189,800
    $151,600
    $341,400

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      State St

      PARKING GARAGE, PARKING STRUCTURE • 0.17 Acres
      State St, Salem, OH 44460
      View Details
    • Value Estimation by Request
      0.17 Acres

      State St

      PARKING GARAGE, PARKING STRUCTURE • 0.17 Acres
      State St, Salem, OH 44460
      View Details
    • Value Estimation by Request
      0.18 Acres

      Wilson W St

      PARKING GARAGE, PARKING STRUCTURE • 0.18 Acres
      Wilson W St, Salem, OH 44460
      View Details
    • Value Estimation by Request
      0.09 Acres

      Broadway Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.09 Acres
      Broadway Ave, Salem, OH 44460
      View Details
    • Value Estimation by Request
      0.08 Acres

      Hawley Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.08 Acres
      Hawley Ave, Salem, OH 44460
      View Details
    • Value Estimation by Request
      0.05 Acres

      Lincoln Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.05 Acres
      Lincoln Ave, Salem, OH 44460
      View Details

    Similar Nearby for Sale

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      Retail Property for Sale

      Retail property available for purchase in Salem, Ohio.
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    Similar Nearby for Lease

    • Contact for pricing
      295 SF

      Retail Space in Salem, OH

      Retail space available for lease in Salem, Ohio.
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    • $11 SF/Yr
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      Retail Space in Salem, OH

      Retail space available for lease in Salem, Ohio.
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    • $12 SF/Yr
      20,055 SF

      Salem Retail Space: Quaker Square Unit #9

      Prime Salem retail space, 1,056 sq ft.
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    • $12 SF/Yr
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      Salem Retail Space: 1,496 SF

      Prime Salem, OH retail space available. High-traffic location.
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    • $1,200 /Mo
      5,410 SF

      Salem, OH Retail/Office Space

      1,938 sqft retail or office space with dedicated parking.
      111 Jennings Ave, Salem, OH 44460
      View Details
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    2300 State St
    Salem, OH 44460-2525
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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